1642-44 Ridge Ave, Philadelphia, PA 19130

$950,000

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List Price
$950,000
Days on Market
6
MLS#
PAPH2669484
Status
ACTIVE
Type
Commercial
Year Built
1920
County
Philadelphia
Region
19130 (19130)
Neighborhood
Francisville
Subdivision
Francisville

Property Description

Bring your business, your vision, or both to 1642-44 Ridge Avenue! Offered at $950,000, this substantial mixed-use property in the heart of Francisville presents a unique opportunity for an entrepreneur, owner-user, investor, or developer seeking space, flexibility, and long-term potential. The first-floor commercial space offers approximately 4,000 square feet, per seller, providing an expansive footprint for a variety of business concepts or future redevelopment plans. The commercial level also includes a bathroom. Below is an exceptionally large full basement with approximately 8 to 8.5-foot ceiling heights, offering significant additional usable-space potential. The second-floor residential unit is currently owner-occupied and features 3 generously sized bedrooms, 1 full bathroom, a large living room with hardwood floors and a wood-burning fireplace, plus an updated oversized eat-in kitchen with abundant cabinetry. For the business owner, this creates the opportunity to operate your business downstairs while living comfortably upstairs. For an investor or developer, the existing residence offers the potential for rental income while developing or repositioning the commercial portion of the property. Public records identify the property as mixed use with one commercial and one residential unit and approximately 5,520 square feet of above-ground finished space. The property sits on an approximately 40' x 99' lot with rear access and the added convenience of a dedicated parking space at the rear. Located along the Ridge Avenue corridor in Francisville, this property combines substantial commercial space, residential living, income potential, off-street parking, and future development possibilities in one unique offering. Run your business downstairs. Live upstairs. Generate rental income. Develop for the future. One property—multiple paths forward. Buyer to independently verify square footage, zoning, permitted uses, and any required approvals.

Additional Information

Acres
0.09
Lot Size
3,920
Cooling
None
Heating
Other
Basement
Yes
Taxes
$8,576

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Access. Contact: 2154002600